Potlatch Announces Tax Treatment for 2012 Dividend Distributions

January 15, 2013 17:13 ET | Source:Potlatch Corporation

SPOKANE, Wash., Jan. 15, 2013 (GLOBE NEWSWIRE) -- Potlatch Corporation (Nasdaq:PCH) announced today the tax treatment for its dividend distributions made in 2012 on the company's Common Stock. The total dividend distribution of $1.24 per share is classified for income tax purposes as follows: $0.534340 (43.09194%) per share as a Non-Dividend Distribution (return of capital) and $0.705660 (56.90806%) per share as a 15% rate Capital Gain Distribution on the 2012 Form 1099-Div.

The table below summarizes the income tax treatment of the company's 2012 dividends:

2012 Dividend Tax Reporting Information (Form 1099-DIV)

Potlatch Corporation Common Stock: PCH

CUSIP# 737630103

March
Distribution

June
Distribution

September
Distribution

December
Distribution

Total

Non-dividend Distributions
(return of capital)

$0.133585

$0.133585

$0.133585

$0.133585

$0.534340

Capital Gain Distributions
(long-term 15% rate)

0.176415

0.176415

0.176415

0.176415

0.705660

Total

$0.310000

$0.310000

$0.310000

$0.310000

$1.240000

Shareholders are encouraged to consult with their tax advisors regarding the tax treatment for their Potlatch distributions.

ABOUT POTLATCH

Potlatch is a Real Estate Investment Trust (REIT) with approximately 1.43 million acres of timberland in Arkansas, Idaho and Minnesota. Potlatch, a verified forest practices leader, is committed to providing superior returns to stockholders through long-term stewardship of its forest resources. The company also conducts a land sales and development business and operates wood products manufacturing facilities through its taxable REIT subsidiary. For more information about the company, visit our website at www.potlatchcorp.com.

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